Denarii Cash officially moved to NEM blockchain


First appeared on medium

It’s official, From 2019 we will start moving mobile wallet to NEM catapult in which denarii cash will utilize both private and public networks.

We have made the decision to use NEM catapult not only to its powerful performance advantage but also the support that we are getting from the NEM Middle East and South Asia community.

With this moved, Denarii Cash will be able to support additional mosaic assets by Q2, 2019 and changes of the distribution as well as creation of token will be announce Q1 next year.

Lastly, Denarii Cash will introduce additional service which includes Service payment, deals and offers that will be available in the Philippines and some merchants in the UAE.

“The Denarii Cash have been very busy over the past few months, with resources focused on moving our core platform to NEM blockchain. We are very excited with our decision and we cannot wait to make this happen.” according to Jon Santillan, Co-founder at Denarii Cash.

According to Paul Christian, NEM Middle East General Manager, “Denarii Cash provides liquidity to XEM tokens by allowing Fiat-Crypto conversions in their platform. Since they have agreed to start including XEMs in their platform, we have showed our support to them in areas that we can cooperate. I believe this was the main reason they have decided to use the NEM blockchain and we are delighted to hear that they are embracing our technology to power their platform which increases the usage of NEM’s both public and private networks.”

Since launching in April this year, Denarii Cash is generates 20,000,000 Million pesos year to date from over 20,000 active users and 10,000 cashpoint partners in the Philippines.

About Denarii Cash

Denarii Cash is a mobile digital wallet for the low to mid income migrant workers in the MENA region. Denarii Cash help users to send, receive, accept payment and pay bills from anywhere anytime while earning DCASH token as a reward. DCASH token is subsidizing the transaction fee as part of the cashback system.

Denarii Cash is a product of Searchfuse Marketing which is established in the UAE and the Philippines and has over 8 years of experience in company building.

About NEM Catapult

NEM is the world’s first Smart Asset blockchain. Built from the ground up for enterprise-grade performance, NEM’s blockchain technology delivers a world class platform for management of almost any kind of asset: currencies, supply chains, notarizations, ownership records and more. NEM’S power is exposed through a straightforward and secure developer interface so that you can deploy your blockchain solution in record time.

Whether you are building the next best mobile app or bringing blockchain into your existing business infrastructure, NEM makes blockchain work for you. NEM’s Smart Asset system allows anyone to completely customize how they use the NEM blockchain, with a robust set of features including domain-like namespaces and full on-blockchain Multi-signature control. Any application can access these features through NEM’s simple API allowing easy integration within mobile apps, existing business infrastructure or contract logic. The NEM public blockchain provides an open and self-scaling platform for developers.

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